Image: Traders UnionPersimmon stock faces support pressure: Technical outlook
• Persimmon shares fell 1.07% to trade at GBX1,150.50 following shifts in UK monetary policy sentiment. • Asktraders reports that easing inflation data has lowered expectations for an imminent Bank of England interest rate hike. • Lower borrowing costs may increase residential demand, which typically supports the share performance of homebuilders.
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